Pensions rallying?

Bianchiintenso

Noticed the welcome news that my pension is back to its Jan'22 high point helped by a 9% increase since October'22. Is this recent increase common amongst other forum users pensions/funds? With the geopolitical world still in turmoil and tensions rising between US-China-Taiwan etc what are the drivers behind better performance in the last few weeks/months? 

Pat38493

Mine have all been up recently but the one I don't contribute to anymore has not yet reached the highest value I made a note of which was in mid November 2021.

I did take out an S&S ISA in July 2021 with a single payment (nothing since) and it has just this week reached the original balance that I paid in.  Hooray.  However I guess that also means it is down 10-15% in real terms.  Darn.

Bianchiintenso

Pat38493 said:

Mine have all been up recently but the one I don't contribute to anymore has not yet reached the highest value I made a note of which was in mid November 2021.

I did take out an S&S ISA in July 2021 with a single payment (nothing since) and it has just this week reached the original balance that I paid in.  Hooray.  However I guess that also means it is down 10-15% in real terms.  Darn.

I should have checked my wife's SIPP, which is down 3% on high point of Dec'21, but up 10% on Oct'22 low point. 

dunstonh

Noticed the welcome news that my pension is back to its Jan'22 high point helped by a 9% increase since October'22.
Is this recent increase common amongst other forum users pensions/funds? 

Pensions dont make or lose anything.  It is the investments within them that do.

The high point for most people would have been around Nov/Dec 21 with around 12 October 22 being the low.

There will be variations based on your asset mixed which will largely depend on your risk profile.    

 With the geopolitical world still in turmoil and tensions rising between US-China-Taiwan etc what are the drivers behind better performance in the last few weeks/months? 

US-China-Taiwan will have little impact as war rarely does.   Although supply lines in the short term would be hit but firms are repatriating supply away from areas of potential conflict.  So, as long as China doesnt invade in the short term, it won't have much impact beyond unwanted tensions.

Data hasn't been as bad as markets expected and the end appears to be in sight for interest rate increases.   Markets will be about 6 months ahead of the economy, bar any unknown events occuring.   Tech has taken a hammering but will come out of those more streamlined and focused.    Gilts have unwound pretty much all the effects of quantitative easing that started with the credit crunch.   This leaves them in a better place going forward

Sea_Shell

Our investment high point was end of 2021, pretty much across the board.

It's creeping back up there 😎, but still a few % to go.

"Go on, you can do it!!!"

Bianchiintenso

Sea_Shell said:

Our investment high point was end of 2021, pretty much across the board.

It's creeping back up there 😎, but still a few % to go.

"Go on, you can do it!!!"

  fingers crossed!

Prism

Bianchiintenso said:

Sea_Shell said:

Our investment high point was end of 2021, pretty much across the board.

It's creeping back up there 😎, but still a few % to go.

"Go on, you can do it!!!"

  fingers crossed!

Are you already retired? If not surely you want your pension to go down rather than up for the next few years?

Bianchiintenso

Prism said:

Bianchiintenso said:

Sea_Shell said:

Our investment high point was end of 2021, pretty much across the board.

It's creeping back up there 😎, but still a few % to go.

"Go on, you can do it!!!"

  fingers crossed!

Are you already retired? If not surely you want your pension to go down rather than up for the next few years?

I have yet to reach my target retirement figure, pre-covid/Ukraine/market downturn and inflation I'd guestimated it would it would have be there mid/end of last year.
I have a relatively stress free job working for myself from home, and in the fortunate position of not having to chase for work, only downside is having to stay close to home for work coming in that usually needs doing within a few hours to a couple of days. No doubt if I had to travel for work it would be a completely different matter and I would probably retire with a smaller pot.

Albermarle

Noticed the welcome news that my pension is back to its Jan'22 high point

If you mean from Jan 1st 2022, then that is a good result. If the start point is later in January, then you would have missed the initial drop.

I should have checked my wife's SIPP, which is down 3% on high point of Dec'21, but up 10% on Oct'22 low point. 

That is also a good result. You both must be well invested ( or a bit lucky !)

Our investment high point was end of 2021, pretty much across the board.

It's creeping back up there 😎, but still a few % to go.

I think this would be more typical, and sounds similar to my own results of being 6 to 7% down still.

Bianchiintenso

Albermarle said:

Noticed the welcome news that my pension is back to its Jan'22 high point

If you mean from Jan 1st 2022, then that is a good result. If the start point is later in January, then you would have missed the initial drop.

I should have checked my wife's SIPP, which is down 3% on high point of Dec'21, but up 10% on Oct'22 low point. 

That is also a good result. You both must be well invested ( or a bit lucky !)

Our investment high point was end of 2021, pretty much across the board.

It's creeping back up there 😎, but still a few % to go.

I think this would be more typical, and sounds similar to my own results of being 6 to 7% down still.

I can't claim any credit for mine other than just paying in and leaving my Zurich pension well alone thanks to a comment from Dunston. I did set the SIPP up for my wife, purely based on knowledge gained from people like yourself on this site, no spectacular investments mainly in standard HSBC global strategy Moderate doing better than the the Vanguard LS60 with smaller chunks in HSBC adventurous and AJBell adventurous.

TadleyBaggie

I switched to a new platform around October (due to IFA retiring) and have seen close to a 10% increase in two S&S ISAs held. The pension post is a little lower but that is due to delay in transferring from the old provider and missing out a particular good market increase (unfortunately the pot had been converted to cash in preparation for the transfer).